CG Power shares slipped more than 2% in intraday trade on January 27 as investors turned cautious ahead of the company’s Q3 earnings announcement. The stock came under selling pressure during the session, reflecting a wait-and-watch approach in the market before the quarterly numbers.
Shares of CG Power and Industrial Solutions Ltd moved in a wide range during the day, touching an intraday low of ₹537.50 and a high of ₹557.00. The stock opened at ₹557.00, compared with the previous close of ₹549.10. By around 2:30 PM IST, trading volumes stood at 45,07,342 shares, indicating active participation from market participants.
From a broader perspective, CG Power continues to trade well above its 52-week low of ₹517.70, though it remains significantly below the 52-week high of ₹797.55.
Market participants are likely awaiting clarity from the Q3 results on key aspects such as revenue trends, margins, and order inflows.
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